United Kingdom

Tarmo Virki

Europe's China telecoms gear ban would cost industry $3.5 billion: report

20 Sep 2019

TALLINN Replacing Chinese telecoms equipment would cost European telecom operators about $3.5 billion, a report by industry research firm Strand Consult predicted on Friday, far lower than the figure a lobby group came up with.

Google to invest 3 billion euros in European data centers

20 Sep 2019

Google will make an additional investment of 3 billion euros ($3.3 billion) over the next two years to expand its European data centers, Chief Executive Sundar Pichai said in Finland.

Ageing Angry Birds hit Rovio 2019 outlook, shares plummet

12 Sep 2019

The Finnish maker of Angry Birds games cut its 2019 earnings outlook on Thursday due to lower-than-expected revenue from brand licensing and from older games, wiping a fifth off the value of Rovio Entertainment's share price.

Nordea names former Handelsbanken boss as new CEO

05 Sep 2019

STOCKHOLM/HELSINKI Finland's Nordea on Thursday named Frank Vang-Jensen, head of personal banking at the Nordic region's biggest bank, as its new chief executive, who pledged to keep a close eye on costs at the group.

Uber-rival Bolt enters European food delivery business

21 Aug 2019

TALLINN Estonia's Bolt, a popular ride-sharing service in Eastern Europe and Africa, on Wednesday launched food delivery service in its home town of Tallinn, the nation's capital, and said it plans to roll out Bolt Food this year in South Africa, Latvia and Lithuania as well.

ECB determined to act on medium-term inflation outlook - Rehn

19 Aug 2019

Finnish central bank governor Olli Rehn said on Monday that the European Central Bank's Governing Council was determined to act if the medium-term inflation outlook continues to fall short of its target of below but close to 2%.

Nokia beats forecasts as 5G sales start to kick in

25 Jul 2019

HELSINKI Finnish telecom network equipment maker Nokia posted a surprise jump in second-quarter profit on Thursday and stuck to its 2019 earnings outlook as demand for next-generation 5G equipment boosted results.

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